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It is commonly assumed that friendship should generally benefit agents' ability to tacitly coordinate with others. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study in which...
Persistent link: https://www.econbiz.de/10011817934
In this work, I extend the normal form cognitive hierarchy model (Camerer et al. (2004)) to a class of finite two-person extensive form games. I study two versions of such a model: the first is as faithful as possible to the normal form assumptions, while the second modifies them slightly. In...
Persistent link: https://www.econbiz.de/10013148058
Interrelated global crises - climate change, pandemics, loss of ecosystem services and biodiversity - pose risks that demand collective solutions. Uncertainty about others' behavior, coupled with the dependence on some to take collective efforts to mitigate risks for all (e.g. conservation of...
Persistent link: https://www.econbiz.de/10015271363
, but quantities are distributed asymmetrically. An experiment largely confirms the existence of such sophisticated play …
Persistent link: https://www.econbiz.de/10014077530
Goeree and Holt (2001) experimentally study a number of games. In each case they initially find strong support for Nash equilibrium, however by changing an apparently irrelevant parameter they find results which contradict Nash equilibrium. In this paper, we study the five normal form games from...
Persistent link: https://www.econbiz.de/10014145375
Persistent link: https://www.econbiz.de/10011742199
This paper reports on a set of experiments designed to discriminate among the possible sources of the failure of the unique mixed strategy minimax equilibrium of the O'Neill (1987) game. First, the experimental design allows one to identify the causes of the serial correlation in subjects'...
Persistent link: https://www.econbiz.de/10014221618
We conduct an experiment in which we elicit subjects’ beliefs over opponents’ behavior multiple times for a given game …
Persistent link: https://www.econbiz.de/10014078590
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game. Whereas all groups succeeded in providing the public good when the exact value of the threshold was known, uncertainty was generally detrimental for the public good provision. The...
Persistent link: https://www.econbiz.de/10013118207
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game. Whereas all groups succeeded in providing the public good when the exact value of the threshold was known, uncertainty was generally detrimental for the public good provision. The...
Persistent link: https://www.econbiz.de/10013112586